Financial Literacy Month in April promotes the importance of knowledge about managing your finances and skills to improve your financial situation. For those of us who are not well versed in terms of finances, you are not alone! Even if you are, you are encouraged to reflect upon your spending and ways you can make the most of your money.
This year Texas Children’s is emphasizing the many resources available to help you focus on the importance of financial literacy in your quest to improve your finances. These resources provide a valuable opportunity to learn techniques that can help you cultivate your financial literacy, review your finances and gradually improve your finances.
Grow your money as you grow
Recognizing there are many stages in life that require financial well-being, Texas Children’s has aligned with Fidelity to bring a series of webinars to reach each employee right where they are. “Allowing your finances to grow as you do is essential in maintaining financial wellbeing,” said Kenisha Lewis, Senior Retirement Benefits Consultant. “Here at Texas Children’s, we not only desire to help you live a financially independent life after retirement, but we also aim to help you on your current financial journey! We have partnered with Fidelity to help us navigate this journey. Make sure to also take advantage of Fidelity’s free financial well-being tool!”
Fidelity financial webinars
Managing My Money – Identify the three core components of a sound budget. Understand how to begin to build (or rebuild) your emergency savings fund and get control over prioritizing your debt.
Thursday, April 7 – 12:00 to 12:30 p.m. Register now
Get started and save for the future you – Everyone needs a path to financial wellness and it can start with your workplace savings plan. Learn about the investment options and how to contribute so you start saving money for the future.
Wednesday, April 13 – 12:00 to 12:30 p.m. Register now
Make the Most of Your Retirement Savings – How much saving is “enough” for retirement? Learn strategies that can help you save more today and tips for preserving and growing your savings in retirement.
Tuesday, April 19 – 12:00 to 12:30 p.m. Register now
Maximize Social Security in Your Retirement Strategy – Understand how Social Security fits into your overall retirement income plan, when to start claiming your benefit, and how it contributes to your overall retirement paycheck
Monday, April 25 – 12:00 to 12:30 p.m. Register now
Reach out to Alyssa Barnes or Christine Jasek with Fidelity if you need help navigating any of the tools Fidelity has to offer.
Texas Children’s financial resources
Employee Financial Assistance Program (EFAF) supports eligible employees during unexpected or unforeseen financial emergencies. The EFAF is funded by Texas Children’s and generous donations from our employees. To honor their contributions, the EAP exercises great care and adheres to strict policy to ensure confidentiality and that the EFAF funds are distributed appropriately to our colleagues in greatest need. Click here to learn more.
EAP-PLUS offers free financial counseling by calling 833-EAP-PLUS (833-327-7587) for answers to questions about budgeting, debt management, tax issues and other money concerns from financial experts.
Cigna offers a cost estimator tool that explains how their system identifies costs based on provider relationships and the enrolled individual’s plan. For example, if someone is considering a colonoscopy and looks up that service under “find care and costs” there will be an estimated cost associated with that procedure, provider, and the individual’s plan. On mycigna.com you can find a step-by-step video explaining how Cigna breaks down cost estimates and how to ensure that providers who are being considered have the highest quality ratings and offer the best costs.